Market Bets $11 Million on Fed Rate Cut for September 2024
TL;DR The market has bet a total of $11,004,782 on possible Fed interest rate changes by September 2024. Most expect a 25 basis point decline,...
Cryptocurrencies
Charles Hoskinson Plans to Launch a Decentralized Social Network to Defend Free Speech
TL;DR Cardano founder Charles Hoskinson plans to launch a decentralized social network to promote freedom of expression. The network will use blockchain technology to avoid...
Spot Bitcoin ETFs Record Third Day of Net Outflows
TL;DR Bitcoin spot ETFs recorded a net outflow of $71.73 million on August 29. BlackRock’s IBIT experienced its first net outflow since May. Total trading...
Ripple Faces New Criticism Over XRP Holdings: CTO Responds to Allegations
TL;DR The XRP community has raised questions about Ripple’s management of XRP, accusing its leaders of seeking personal gain by reducing holdings. Ripple CTO David...
Crypto.com Unveils Global Retail Services from Dubai Hub
TL;DR Global Retail Services Launch: Crypto.com has launched global retail services from its Dubai hub, enabling seamless deposit and withdrawal capabilities for users in over...
Ethereum ETFs End Nine-Day Outflow Streak
TL;DR Ethereum spot ETFs have recorded a net inflow of $5.8 million, ending a nine-day streak of net outflows. BlackRock’s ETHA ETF leads the inflows...
Jupiter DEX Integrates Pump.fun and Moonshot, Optimizing Access to Meme Tokens on Solana
TL;DR Jupiter DEX has integrated the Pump.fun and Moonshot platforms, allowing for the instant purchase of new meme tokens on Solana. The new spot market...
Trump’s Fourth NFT Collection Raises Over $2 Million
TL;DR Donald Trump launched his fourth NFT collection, “Series 4: The America First Collection,” on August 27, 2024. The collection has generated more than $2.17...
Bitwise Bitcoin ETF to Acquire Osprey Bitcoin Trust
TL;DR Bitwise Bitcoin ETF (BITB) will acquire the assets of the Osprey Bitcoin Trust (OBTC). The transaction is designed to be tax-free for OBTC unitholders...
Fear Returns to the Crypto Market Following Bitcoin Crash
TL;DR The Cryptocurrency Fear and Greed Index has dropped to 30, signaling rising fear in the market. Bitcoin is currently trading at $59,234, with a...